The AIG Bonus Debacle

AIG is paying out more bonuses and they are doing it taxpayers money… Aint that something? First they rob us all blind and then they give themselves all a bonus and ship some overseas too.

Robert Kuttner (emphasis mine) speaks for me:

In defending the AIG bonuses, CEO Edward Liddy actually said that you had to pay bonuses to attract and keep “the best and brightest talent,” in this case the very people who are costing America’s taxpayers $175 billion and counting. Far from receiving bonuses, these people deserve to share a cell with Bernie Madoff.

It’s beyond “outrageous” at this point. Something has got to give. The rich are still getting richer and the poor are still getting poorer, but the poor all seem to have paid for the rich to get rich.

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About Pamela Leavey

Pamela Leavey is the Editor in Chief, Owner/Publisher of The Democratic Daily as well as a freelance writer and photographer. Pamela holds a certificate in Contemporary Communications from UMass Lowell, a Journalism Certificate from UMass Amherst and a B.A. in Creative Writing and Digital Age Communications from UMass Amherst UWW.
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2 Responses to The AIG Bonus Debacle

  1. Ron says:

    The bonus payout excesses at AIG are just the tip of the iceberg of what is happening with the other Wall Street bailouts including Bank of America. Working productive Americans are bailing out the same crooks that destroyed our economy along with 45% of the wealth in the world and now the American taxpayers and our children will be forced to live a far lower standard of living with reduced prosperity and opportunities due to this but only we pay the price.

    Washington has bailed out the banks, Wall Street & their Washington special interests and much of the cost is added to the national debt to by paid by this and future generations while real estate and investments continue to fall. Find out what a growing repudiate the debt movement could mean for treasuries, the dollar, gold and the stock market and how this is a better alternative than Washington’s plans to monetize the debt in future years and tax and destroy our remaining wealth by depreciating the dollar.

    The Campaign to Cancel the Washington National Debt By 12/21/2012 Constitutional Amendment is starting now in the U.S. See:

  2. Louis Carrier says:

    It is very hard to comprehend the role of the AIG company , It request the peoples money to pay banks that have already been helped by the Pople’s money ! So ,if you follow the money ,some banks are gaining help on two fronts ! Aig and your money ! Is it immaterial as the president of Goldman Sack’s was qualifying the deal ????